EU to provide Ukraine with EUR 35B in financial aid in 2025
In 2025, the European Union will allocate EUR 35 billion in financial aid to Ukraine as part of the G7 ERA initiative and the Ukraine Facility program.
Economy
22 January 2025
Zelensky discusses economic cooperation with Vietnamese PM in Davos
During the World Economic Forum in Davos, Volodymyr Zelensky met with Vietnamese Prime Minister Pham Minh Chinh.
21 January 2025
Russia's oil exports see sharpest drop since November following U.S. sanctions – Bloomberg
Last week, Russia's seaborne oil exports experienced their steepest decline since November, following sweeping sanctions imposed by former U.S. President Joe Biden.
Sharp rise in companies with Russian participation in Bulgaria – media
The number of companies with Russian participation in Bulgaria had risen sharply by the end of 2024.
Ukraine expects to attract EUR 30.6B in budget support from EU this year – Finance Ministry
Ukraine expects to receive EUR 30.6 billion in budget support from the European Union in 2025.
Ukraine’s state budget receives UAH 1,133.5B in tax payments in 2024
During 2024, Ukraine’s state budget received UAH 1,133.5 billion worth of payments controlled by the Ukrainian State Tax Service.
20 January 2025
NBU updates its strategy for second time since beginning of war
For the second time since the beginning of the full-scale invasion, the National Bank of Ukraine has updated its institutional Strategy, adding new tasks on the price stability of the hryvnia and the digital security of the banking system.
Minister Koval: Small farms in Ukraine obtain EUR 20M from EU in 2024
Ukrainian farmers receive international assistance, but it is much lower compared to some other sectors.
Ukraine, Britain, Lithuania launch system to track stolen grain
At the Berlin Agriculture Ministers’ Conference, Ukraine's Minister of Agrarian Policy and Food Vitalii Koval signed an updated Memorandum with his British and Lithuanian counterparts to implement the Grain Verification Scheme (GVS). This scheme aims to address and prevent the illegal export of Ukrainian grain from the occupied territories.
18 January 2025
Ukrainian banks fulfil EU requirement, shifting to new capital structure
Ukraine’s banking system has successfully completed the second stage of transition to a new three-tier capital structure in line with EU requirements. As of January 1, 2025, banks' capital is sufficient to cover all key risks.
Poland planning defense industry delegation visit to Ukraine - defense chief
Deputy Prime Minister, Minister of National Defense Wladyslaw Kosiniak-Kamysz of Poland is preparing a visit of the country’s defense industry delegation to Ukraine.
Naftogaz Group’s annual performance: 83 new wells, gas production at 13.9 bcm
Ukrgasvydobuvannya JSC, which is part of Naftogaz Group, produced 13.9 billion cubic meters of commercial-grade gas in 2024 (compared to 13.2 billion cubic meters in 2023).
World Bank expects Ukraine’s economic growth of 2% in 2025
The World Bank expects that Ukraine’s gross domestic product (GDP) rate will increase to 2% at the end of 2025.
17 January 2025
Zelensky: Only our own efforts towards energy independence can help Europe
Once the Russian transit terms have simply expired, the reality is simple: only relations with Europe’s partners and Ukraine’s own efforts towards energy independence can help Europe.
Ukraine signs memorandum to supply hydrogen to EU
Gas Transmission System Operator of Ukraine LLC (GTSOU) and several key organizations and companies have signed a Memorandum of Understanding to establish and support the implementation of the Ukraine-EU Hydrogen Corridor.
16 January 2025
FM: We see certain problems in Russian economy, we need to make them trends
Ukraine's Foreign Minister Andrii Sybiha has emphasized the need to strengthen sanctions to further weaken Russia's economy, which is already showing signs of “certain problems.”
Minister Galushchenko meets with newly elected supervisory board of Ukrenergo
Ukrainian Energy Minister German Galushchenko has met with the newly appointed members of the Supervisory Board of Ukrenergo National Power Company to discuss the company’s priority objectives.
Ukraine’s export of goods up by 16.5% over 11 months – State Statistics Service
In January-November 2024, Ukraine exported $38.4 billion worth of goods, which is 16.5% higher compared to the same period of 2023. At the same time, the import of Ukrainian goods increased by 11% to $63.7 billion.
15 January 2025
Regional military chief comments on decline in budget revenues in Luhansk region
The regional budget revenues in the Luhansk region have reduced about tenfold compared to the pre-war period.
Metinvest suspending Pokrovske Coal operations, evacuating workers as frontline nearing
Metinvest Group has announced the suspension of operations at Pokrovske Coal due to the worsening security situation.
Ukraine imports fuel from 15 countries in 2024 – expert
Last year Ukraine imported fuel from 15 producer countries.
Government finalizing preparations to start negotiations on ‘industrial visa-free regime’ with EU
The Cabinet of Ministers of Ukraine is finalizing internal preparations to start negotiations with the European Union on signing an ‘industrial visa-free regime’ agreement.
14 January 2025
Czechia upgrades oil pipeline to end oil dependence on Russia
The Czech Republic has completed the modernization of the oil pipeline that connects it to European suppliers, allowing the nation to stop importing oil from Russia.
Germany to expand cooperation with Ukraine in drone production - Pistorius
Germany will continue creating joint ventures with Ukraine in the defense industry, including in the field of drone production, but not missiles.
Smetanin discusses defense cooperation with Japanese ambassador
Minister for Strategic Industries Herman Smetanin met with Ambassador Extraordinary and Plenipotentiary of Japan to Ukraine Masashi Nakagome.
European Commission assessing potential Ukraine-Poland border control agreement - PM
Ukraine awaits first results of negotiations on joint customs and border control with the EU.
Ukrainian food hub may be created in Egypt – Agrarian Policy Ministry
Ukrainian Agrarian Policy and Food Minister Vitalii Koval and Ambassador Extraordinary and Plenipotentiary of the Arab Republic of Egypt to Ukraine Barakat Ali Elleity have discussed the issue of reducing payment deferrals for Ukrainian exporters and lifting some trade restrictions.
13 January 2025
Zelensky enacts sanctions against Russia's financial sector
President Volodymyr Zelensky has signed a decree imposing sanctions on 140 entities within Russia's financial sector.
EU countries call for lowering G7 price cap on Russian oil
Six European Union countries have called on the European Commission to lower the G7 price cap set for Russian oil at $60 per barrel, arguing it would reduce Moscow's revenues, which it uses for its war against Ukraine.